Oppenheimer & Co. Inc. lifted its holdings in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 405.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,275 shares of the software maker’s stock after purchasing an additional 44,350 shares during the period. Oppenheimer & Co. Inc. owned about 0.13% of Synchronoss Technologies worth $909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Synchronoss Technologies by 155,453.2% during the 1st quarter. BlackRock Inc. now owns 5,134,811 shares of the software maker’s stock worth $125,291,000 after purchasing an additional 5,131,510 shares during the period. Vanguard Group Inc. raised its stake in shares of Synchronoss Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 3,652,395 shares of the software maker’s stock worth $89,119,000 after purchasing an additional 148,136 shares during the period. Elk Creek Partners LLC raised its stake in shares of Synchronoss Technologies by 35.9% during the 1st quarter. Elk Creek Partners LLC now owns 2,094,039 shares of the software maker’s stock worth $51,095,000 after purchasing an additional 553,072 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Synchronoss Technologies by 48.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,817,388 shares of the software maker’s stock worth $44,345,000 after purchasing an additional 596,051 shares during the period. Finally, State Street Corp raised its stake in shares of Synchronoss Technologies by 8.2% during the 1st quarter. State Street Corp now owns 975,857 shares of the software maker’s stock worth $23,809,000 after purchasing an additional 73,884 shares during the period. Institutional investors own 74.25% of the company’s stock.

A number of research firms have recently commented on SNCR. Stifel Nicolaus reiterated a “hold” rating and set a $16.00 target price on shares of Synchronoss Technologies in a research note on Friday, June 23rd. BidaskClub upgraded Synchronoss Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Drexel Hamilton cut Synchronoss Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Credit Suisse Group cut Synchronoss Technologies from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Synchronoss Technologies has a consensus rating of “Hold” and a consensus price target of $24.00.

Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) opened at 16.56 on Monday. The company has a 50-day moving average price of $16.60 and a 200 day moving average price of $18.65. The stock has a market cap of $728.36 million, a price-to-earnings ratio of 36.80 and a beta of 1.69. Synchronoss Technologies, Inc. has a one year low of $10.11 and a one year high of $49.94.

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Synchronoss Technologies Profile

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

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Institutional Ownership by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

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